"Significantly, the Fund’s debt is now largely consistent across its investments in Australia, Canada and Europe and therefore the sensitivity of IIF’s gearing to FX movements has been substantially reduced.
A consequence of implementing this strategy is IIF’s Net Asset Value will be more sensitive to FX movements, however it is considered that this is a more favourable position for the Fund. "
IIF Price at posting:
15.3¢ Sentiment: Buy Disclosure: Held
